Common use of Audit Opinion Clause in Contracts

Audit Opinion. If the Company receives a “going concern” qualification or a qualification of equivalent or greater severity from its auditors with respect to its then-most recent fiscal year (the “Going Concern Opinion”), the Company shall provide written notice to Parent within twenty-four (24) hours of its receipt of such audit report. Without limiting the foregoing or Section 6.06(b), the Company shall provide written notice to Parent within twenty-four (24) hours of becoming aware that a Going Concern Opinion is reasonably likely to be received by the Company.